Trinidad stocks up on weak sentiment

The Trinidad & Tobago Stock Exchange closed on Monday Market with a negative bias even as the all three market indices rose from a positive advance, decline ratio.

Market activity resulted in 12 securities changing hands, compared to 10 on Friday.
At the close a total of 4 stocks advanced, 2 declined and 6 remaining unchanged as price changes were moderate, ranging from 1 cent to a high of 5 cents.

IC bid-offer Indicator| The Investor’s Choice bid-offer ended with just 2 stocks with bids higher than last selling prices and 6 with lower offers.
The Composite Index advanced 0.33 points to 1,206.79, the All T&T Index gained 0.29 points to 1,790.31 and the Cross Listed Index was up 0.05 points to 83.50.
At the end of trading, 103,284 shares changed hands at a value of $1,450,577 compared to Friday’s trades of 343,205 valued at $8,980,169.
Gains| First Citizens gained 5 cents to close at $31.65, with an exchange of 11,597 shares valued at $367,043, Grace Kennedy closed at $2.71, rising by 1 cent while trading 30,000 shares, Sagicor Financial closed with a gain of 1 cent to $8.01 exchanging 13,987 units and Scotiabank traded 3 cents higher to close at $58.03, with 802 units switching owners.
Losses| Guardian Media lost 5 cents to close at a 52 weeks’ low of $18.35, trading 19 units and JMMB Group was down 1 cent, closing at $1.25 with 813 shares changing hands.
Firm Trades| Ansa McAL closed at $66, with 10,309 units valued at $680,397 trading, NCB Financial Group exchanged 30,928 shares at $4.05, Point Lisas traded 4,200 units at $3.88. Prestige Holdings remained at $10.70, with 285 units changing hands, Republic Financial Holdings closed at $101.90, with 119 shares being exchanged and Trinidad & Tobago NGL held firm at $21.90 trading 225 units.

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